Township of Middle, NJ
Cape May County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Township Committee on 3-7-1996 as Ord. No. 958-96. Other amendments noted where applicable.]
No insurance company shall pay to any claimant any claim in excess of $2,500 for fire damage on real property located within the confines of the Township of Middle pursuant to any fire insurance policy issued or renewed after adoption of this chapter and after filing this chapter with the State Commissioner of Insurance, until such time as:
A. 
(1) Anticipated demolition costs and all taxes and assessments and all other municipal liens or charges due and payable, appearing on the Official Certificate of Search; or (2) all taxes and assessments and all other municipal liens or charges due and payable; appearing on the Official Certificate of Search shall have been paid either by the owner of such real property or by the insurance company; or
B. 
The municipality submits to the insurance company a copy of a resolution ratifying an agreement with the owner of the fire damaged property pursuant to N.J.S. 17:36-11.
Any such insurance company shall pay over to the Township of Middle such proceeds of the policy as may be necessary to satisfy anticipated demolition costs and all taxes and assessments and all other municipal liens or charges due and payable, appearing on the Official Certificate of Search prior to paying any portion of the proceeds to the property owner, all pursuant to N.J.S. 17:36-8 et seq.